NetGain Motors, Inc. Announces Expansion Plans

 

[Chicago, Illinois] January 24, 2005, Today NetGain Motors, Inc announces it is accelerating and enhancing its current high tech focused path to develop technology in the hybrid vehicle markets. In conjunction with this announcement, two new members have joined NetGain Motors, Inc., Dennis Bieschke of Lemont and David Cloud of Chicago, both of whom have outstanding careers in industries relevant to NetGain Motors' strategic plan.

Mr. Bieschke, a registered Professional Engineer, joins NetGian Motors after a thirty year career in the Electric Energy Industry both as a corporate executive and independent consultant. "Joining NetGain Motors is a great opportunity for us to combine our diverse talents in this fast growing hybrid vehicle market " Bieschke said. "Our latest research and development efforts have yielded results we believe we can quickly and successfully take to market."


Mr. Cloud is joining NetGain Motors after a very diverse 25-year career in manufacturing equipment design and operations. "The key to NetGain, in my opinion, is the synergy that will result from the unique, combined contribution from everyone on ths NetGain Motors team. This will facilitate NetGain's further progress as an important player in our market", Cloud recently said."


We are fortunate to have David and Dennis join our team, particularly at such an important time in our company's evolution." George Hamstra, President of NetGain Motors, Inc. said. "Combining and leveraging our technological and business know-how in this manner will aid our growth and position NetGain Motors for further success."


NetGain Motors, Inc. is the exclusive worldwide designer and distributor of WarP electric motors and is involved in research and development for electric vehicle energy sources and hybrid conversion technologies. NetGain works closely with academia, NASA Illinois, The National Science Foundation and private researchers. Now located in Lockport, Illinois, NetGain Motors was established in 1998. To learn more about NetGain, go to http://www.go-ev.com.

Contact information: Email: dbieschke@go-ev.com or ghamstra@go-ev.com